,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fefb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ba1 #bjbj,mr4 
,mc,henry introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to susp5d !         
contribution limitations = c]ta9        
tax-pref]r$ retirem5t acc\nts4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,secur+ ,additional ,value = ,e         
,retirem5t ,sav] ,act or ! ,,sav]s ,act4
  #b4 ,susp5sion ( contribution         
limitations = tax-pref]r$ acc\nts  7a7  
,def9$ contribution plans  7#a7         
,aggregate annual additions ,! annual   
addition limitation "u section          
#dae7;c77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf 7& any contribution limitation  
made applicable by ref]5ce to           
subp>agraph 7,a7 !re(7 = cal5d> ye>     
#bjbj1 or any taxable ye>s beg9n+ dur+  
#bjbj1 z ! case may be1 %all be an am\nt
 equal to ! less] (-- 7,a7 #cjj p]c5t ( 
! am\nt o!rwise 9 effect "u su*         
subp>agraph = su* cal5d> or taxable ye> 

7det]m9$ )\t reg>d to ?is p>agraph71 or 
7,b7 an am\nt equal to ! employee's     
comp5sation4  7#b7 ,elective def]rals ,!
 applicable doll> am\nt = elective      
def]rals "u section #djb7;g7 ( su* ,code
 = any taxable ye> beg9n+ dur+ #bjbj1 & 
any doll> limitation det]m9$ by ref]5ce 
!reto1 %all n be less ?an an am\nt equal
 to ! less] (-- 7,a7 #cjj p]c5t ( !     
am\nt o!rwise 9 effect = ! taxable ye>  
7det]m9$ )\t reg>d to ?is p>agraph71 or 
7,b7 ! individual's comp5sation f !     
employ] to :i* ! plan relates = any     
taxable ye> beg9n+ on #bjbj4  7#c7 #deg 
,plans ,! maximum am\nt :i* may be      
def]r$ = a taxable ye> beg9n+ 9 #bjbj "u
 an eligible def]r$ comp5sation plan 7z 
def9$ 9 subsection 7b7 ( section #deg ( 
su* ,code7 %all n be less ?an an am\nt  
equal to ! less] (-- 7,a7 #cjj p]c5t ( !
 am\nt o!rwise 9 effect = ! taxable ye> 
"u subsection 7e77#ae7 !re( 7det]m9$ )\t
 reg>d to ?is p>agraph71 or  7,b7 an    
am\nt equal to ! p>ticipant's includible
 comp5sation 7z def9$ 9 subsection      

7e77#e7 !re(7 = ! taxable ye>4  7b7     
,individual retirem5t acc\nts  7#a7 ,9  
g5]al ,= purposes ( taxable ye>s beg9n+ 
9 #bjbj1 ! limitation 9 effect "u       
section #bai7;b77#a7 ( su* ,code 7& any 
limitation det]m9$ by ref]5ce to        
subp>agraph 7,a7 !re(7 %all n be less   
?an an am\nt equal to ! less] (-- 7,a7  
#cjj p]c5t ( ! am\nt o!rwise 9 effect "u
 su* subp>agraph = ! taxable ye>        
7det]m9$ )\t reg>d to ?is p>agraph71 or 
7,b7 an am\nt equal to ! comp5sation    
includible 9 ! individual's gross income
 = su* taxable ye>4  7#b7 ,simple       
retirem5t acc\nts ,9 ! case ( elective  
employ] contributions to a simple       
retirem5t acc\nt 7z def9$ 9 section     
#djh7p7 ( su* ,code7 = #bjbj1 !         
applicable doll> am\nt "u p>agraph      
7#b77;,e7 !re( %all n be less ?an an    
am\nt equal to ! less] (-- 7,a7 #cjj    
p]c5t ( ! am\nt o!rwise 9 effect "u su* 
p>agraph = ! ye> 7det]m9$ )\t reg>d to  
?is p>agraph71 or  7,b7 ! employee's    
comp5sation4  7c7 ,comp5sation  7#a7 ,9 

g5]al ,except z o!rwise def9$ = purposes
 ( ! provision to :i* "o ( ! prec$+     
subsections relates1 ! t]m comp5sation =
 purposes ( ?is section %all h ! mean+  
giv5 su* t]m 9 section #bai ( su* ,code4
  7#b7 ,election to sub/itute #bjai     
comp5sation ,= purposes ( det]m9+ !     
am\nt ( an individual's comp5sation "u  
subsections 7a7 & 7b71 9 lieu (         
comp5sation = #bjbj or taxable ye>s     
beg9n+ 9 #bjbj1 individuals may elect to
 use comp5sation = #bjai or taxable ye>s
 beg9n+ #bjai4